Ge Money America

1127 words 5 pages
Assignment #2 – GE Money America Case Study
GE Money America (formerly GE Consumer Finance) is the consumer finance brand for GE Consumer Finance worldwide. With more than $163 billion in assets, GE Money is a leading provider of credit services to consumers, retailer, and auto dealers in fifty countries around the world. GE Money Americas offers a range of financial products, including private-label credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans and credit insurance. (Goldsmith, 2010)
1. Provide a brief description of the status of the company that led to its determination that a change was necessary. Three things led to the
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Illustrate the types of evaluation information that were collected and how they are used to benefit the company. Key solutions that Kelly OCG launched were a centralized staffing process and a dedicate team included a customized candidate application website and standardized, more thorough screening methods to enhanced candidate quality and service lever. They also combined:
A hiring logistics strategy to ensure consistency, standardization, and efficiency from interview to offer;
Management of an Internet-based application tracking system;
Automation of processes once done manually;
Measurement of staffing activity cost; and
New benchmarks and goals were established.
Kelly OCG helped GE Money Americas realize significant saving at virtually every level of the staffing process. They also streamlined a time-intensive prescreening process, enabling more interviews of well-qualified candidates during fewer recruiting visit to a diverse range of campuses in a shorter time frame. (Goldsmith, 2010) GE staffing costs decreased 54 percent. The saving were largely attributable largely to a halving of sourcing expenditure and an 80 percent reduction in travel and relocation cost, and the average cost per hire fell to $4,900 from $8,300. The time to process in a new hire was reduced to 47 days from 115 days. (Goldsmith, 2010)

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